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20 Day Moving Average Resistance appears for JMIA after 6.25% move
On Monday, June 22nd, JMIA moved down 6.25% while volume increased to 2.0× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 6.39, 6.19 & 5.77, with resistance at 7.01, 7.43 & 7.63.
Current SwingTradeBot Technical Rating of JMIA: F
Today’s move could mean more—check all the signals for JMIA on SwingTradeBot.
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